In digital era, courier firms seek global logistics footprint

To meet the country's booming e-commerce demand, Chinese courier companies are ramping up efforts to develop their global delivery networks, establish overseas logistics centers and launch international air freight services to help overseas buyers receive products faster.

YTO Express Group Co is joining hands with Cainiao Network, Alibaba Group Holding Ltd's logistics arm, and China National Aviation Corp to build a new logistics center at the Hong Kong International Airport. The new venture is expected to enhance its global logistics capabilities.

The center will cover an estimated gross floor area of 380,000 square meters. It is expected to handle tens of millions of cross-border e-commerce parcels a year upon opening in 2023.